Remodeled Residential Income
For Sale
$74,900
1620 N Wilmot Rd #D-174, Tucson, AZ 85712
Studio-style residence with updated finishes, a covered patio, and access to two community pools.
Property Size500 SF
Price / SF$149.80
Days on Market51
Property Features for 1620 N Wilmot Rd #D-174
General Information
Standard status
Active
Size
500 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
The Monaco
Amenities
community pool
Building Details
Year Built
1977
Listing Agency:
Red Fox Real Estate
(520) 431-8828
Listed By:
arrt of Real Estate / Amelia Goudeau
(602) 460-5545
Source:
Arrtofrealestate
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 1 at 5:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Red Fox Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property offers a studio-style arrangement with an open interior, designated breakfast area, and an oversized walk-in closet. Interior updates include tile flooring, upgraded cabinetry, countertops, a built-in microwave, electric range and oven, and a refrigerator. A fenced, covered patio extends the usable living area, while the appliances convey with the property.
Residents have access to two community pools and a walking path. The property is near the University of Arizona and within walking distance of dining and shopping options. Built in 1977, the residence combines a compact layout with updated interior features and community amenities.
Residents have access to two community pools and a walking path. The property is near the University of Arizona and within walking distance of dining and shopping options. Built in 1977, the residence combines a compact layout with updated interior features and community amenities.
Key Highlights
- Studio‑style layout with an open interior and oversized walk‑in closet
- Updated tile flooring, cabinetry, and countertops
- Built‑in microwave, electric range and oven, and refrigerator convey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,138
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$102,760
$102.8K
Cap Rate 7%
$73,400
$73.4K
Cap Rate 9%
$57,089
$57.1K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$10.2K $20.40/SF
− Vacancy
−$859 −$1.72/SF
EGI
$9.3K $18.68/SF
− OpEx
−$4.2K −$8.41/SF
NOI
$5.1K $10.28/SF
Area
Tucson, AZ
Vacancy
8.42%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$102,760
Cap Rate 7%
$73,400
Cap Rate 9%
$57,089
Alternative Uses
Best Use
Apartment 5plus
$73.4K
$64.2K – $85.6K
NOI $5,138 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$129.9K
$113.7K – $151.5K
NOI $9,092 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,910
Businesses Nearby
Explore this area
Business Placement
Demographics for 85712, AZ
33,108
Population
18,215
Households
1.8
Avg Household Size
44
Median Age
37%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
4,869
Density / Sq Mi
$48,185
Median Household Income
$39,090
Median Earnings
$947
Median Rent
$250,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Studio-style residence with updated finishes, a covered patio, and access to two community pools.
Where is this residential income property located?
The property is located at 1620 N Wilmot Rd #D-174 Tucson, AZ.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Studio‑style layout with an open interior and oversized walk‑in closet; Updated tile flooring, cabinetry, and countertops; Built‑in microwave, electric range and oven, and refrigerator convey
